China is among the top 3 importers of sunflower and rapeseed oil from Ukraine

Refined Sunflower Oil

Crude Canola Oil & Rapeseed Oil

Ukraine

Market & Price Trends

Published Oct 14, 2023

Tridge summary

Ukraine has seen a significant increase in the export of sunflower oil and soybean oil in the first nine months of the year. Sunflower oil exports rose by 40.3% in terms of volume but decreased by 5.8% in monetary value. Soybean oil exports increased by 20.2% in volume but saw a revenue decrease of 21.7%. The main export destinations for both oils were Turkey, Romania, and China.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In January-September of this year, Ukraine increased the export of sunflower oil by 40.3% compared to the same period last year — to 4.09 million tons. However, in monetary terms, it decreased by 5.8% — to $3.72 billion, which was 13.72% of all Ukrainian exports. According to statistics published by the State Customs Service, the main exports were made to Turkey (18.44% of supplies in monetary terms), Romania (16.59%) and China (12.15%), according to open4business.com.ua. Follow the news in a convenient format: Follow us on Twitter Deliveries to foreign markets of soybean oil increased by 20.2% to 207.1 thousand tons in the nine months of the current year, but their revenue also decreased by 21.7% to $181.24 million. Poland (69.1% of supplies in monetary terms), Germany (5.19%) and the United Arab Emirates (4.67%) are among the top three importers of Ukrainian soybean oil. The export of rapeseed and mustard oil for January-September 2023 reached 244.71 thousand tons, having ...

Source: Landlord